Carey Road Portfolio Retail FOR SALE


Victoria, BC
$3,650,000 CAD
250-414-8392
, Victoria, BC for Sale
$3,650,000 CAD
Retail - FOR SALE
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Carey Road Portfolio
Victoria, BC


HIGHLIGHTS

  • Stable income from long-term veterinary lease with renewal options
  • Fully vacant adjacent building with flexible multi-unit layout
  • C-2 zoning allows for diverse commercial and residential uses
  • Prime location near Uptown Shopping Centre and major highways
  • Strong redevelopment potential under Saanich’s OCP Neighbourhoods designation

OVERVIEW

This versatile assembly offers stable cash flow from the VCA lease, with immediate functionality for owner-occupiers with 3892 Carey Road being completely vacant, or investors could lease out the units and increase their return. The properties also offer great long-term development potential, with a total site size of 20,880 square feet. 3892 Carey Road is currently demised into 4 commercial retail units on the main level, with a large 2 bedroom residential unit on the second level, all of which are currently vacant. This provides owners with the flexibility of occupying some or all of the building for their own use and leasing out the remaining units for additional cash flow. The C-2 zoning allows for a wide range of uses including retail, medical services, office, restaurant, apartment and daycare use to name a few. 3890 Carey Road is a 4,645 SF building leased to VCA, as a legal non-confirming vet use. Their lease runs until March 31, 2027 with two further options to renew, each for a term of 5 years. This provides owners with a stable source of cash flow

ASK ABOUT THIS PROPERTY

Marc FoucherColliersMore Info
250-414-8392

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Marc FoucherColliersMore Info
250-414-8392

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.